So I am just curious if anyone is in any of his deals and has he had deals that are asking for Cash calls or being sold and wiping out investors  or leaking oil ??? 

My plan is to have a nest egg of money for each property in case things go wrong- long period of vacancy, roof/water heater/furnace replacement.

Basement elec panel needs trim around it and ceiling looks like it was patched and is hiding a leak.

We initially budgeted $5,000 for repairs, but a leaking upstairs toilet above the kitchen required additional work.

One thing that may help is replacing the roof - a lot of companies either wont write or overprice premiums for homes with roofs over about 5-8 years old because it's a replacement waiting to happen with the next hurricane.

Roof is 12 years old, he was looking to refinish the parking lot but just got a quote and it was for 7k more than he did last time so not sure if he is going to to that now.

How much is a roof?     

Some common disputes I see are concerning the landlord failing to do his or her duties under the lease (e.g. make repairs); slip and falls by a tenant or a guest of the tenant; injuries caused by landlord's failure to properly exercise his or her duties; environmental issues at the property (typically commercial, e.g. alleged that an underground oil tank started leaking causing damage to business); disputes over the security deposit; illegal clauses in a lease; failure to reimburse the tenant for a repair he or she made; Entering a tenant's property illegally; failing to disclose environmental issues such as lead paint; or trying to evict the tenant illegally.

The roof had 2 layers and needed to be completely replaced.

., Inspect Mechanical items, Water Heater Age, Roof, and Appliances.